JAKARTA: Sharia banks showed progressive business growth in the third
quarter of the year, as major banks still dominated credit disbursement
and public deposits.
PT Bank Syariah Mandiri (Sharia Mandiri) expected credit disbursement
as much as IDR34.41 trillion in 3Q/2010, increasing 61.33% from IDR21.33
trillion in the earlier year period.
“It is unaudited and approximated data. The official one will be
published in newspapers,” said Sharia Mandiri President Director Yuslam
Fauzi. (source)
Yuslam added that third party fund increased by 55.9% to IDR38.29
trillion at the end of September, compared to IDR24.56 trillion one year
earlier.
The largest sharia bank in Indonesia, posted assets of IDR40.55
trillion at the end of September, increasing from IDR28.05 trillion at
one year earlier. As its business grew faster than other sharia banks,
its market share may also rise.
PT Bank Muamalat Indonesia Tbk, the first sharia bank in Indonesia,
recorded credit disbursement of IDR20 trillion at end 3Q/2011,
increasing 45.24% from IDR13.77 trillion at one year earlier.
The higher credit disbursement was the result of expansion in
networking branches and products, said Director of Retail at Bank
Muamalat Adrian A. Gunadi.
Bank Muamalat disbursed IDR13 trillion of financing to the retail
segment, which accounted for 65% of its total credit. The remainders
were disbursed to commercial and corporate customers.
At end of 3Q/2011, Bank Muamalat has IDR21 trillion of third party
fund, increasing 51.62% from IDR13.85 trillion at one year earlier.
PT Bank Rakyat Indonesia Syariah also contributed to the market
expansion. The subsidiary of PT Bank Rakyat Indonesia Tbk disbursed
credit of IDR7.94 trillion as of September, 62.04% higher than IDR4.9
trillion at 1 year earlier.
Indonesian sharia banks recorded total credit disbursement of IDR92
trillion at the end of September, increasing 50.89% from IDR60.97
trillion at one year earlier, said Bank Indonesia Director Mulya
Siregar. (20/t04/ags)
Source : http://en.bisnis.com/articles/major-sharia-banks-lead-market-share-expansion - Oct 24, 2011
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